Wisconsin mortgage banker bonds.
$1,800.
Looking for the Wisconsin mortgage broker bond?
Wisconsin licenses mortgage bankers through the Division of Banking at the Department of Financial Institutions, and Wis. Stat. 224.72(4)(am) requires the applicant to file a commercial surety bond of $300,000, payable to the division for the benefit of the people it served. At 0.6% of the bond amount, that prices at $1,800.
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How much does a Wisconsin mortgage banker bond cost?
$1,800 for the $300,000 bond: 0.6% of the bond amount.
Three steps. One sitting.
Mortgage banker license bonds file with the division through NMLS. Here's the entire process:
Apply online
Business details, an effective date, and a term. That is the application — any credit screen is a soft pull that never shows as a hard inquiry.
Pay & e-sign
This bond is checkout-priced at 0.6% of the $300,000 bond — $1,800 — so it issues the moment you pay. Your executed bond and power of attorney generate on the spot.
File with the division
Your executed bond arrives by email, ready to upload to NMLS or file with the Division of Banking alongside your license application. Wet-ink original mailed on request.
What it is and who needs it.
What the bond actually guarantees
Wisconsin licenses mortgage bankers and mortgage brokers under Wis. Stat. 224.72, administered by the Division of Banking at the Department of Financial Institutions through the Nationwide Multistate Licensing System. A mortgage banker originates, sells, or services residential mortgage loans in Wisconsin.
Section 224.72(4)(am) requires the applicant to file with the division a commercial surety bond in the amount of $300,000 for a mortgage banker (a mortgage broker files $120,000), issued by a surety authorized to do business in Wisconsin. The bond secures your faithful performance of all duties and obligations as a mortgage banker and is payable to the division for the benefit of persons to whom you provided services. It cannot be terminated without at least 60 days' written notice to the division.
It is not insurance for you — if the surety pays a claim, you repay the surety. Applicants also show a minimum net worth ($250,000 for a mortgage banker). The bond has to stay continuously on file; we track the term and send renewal notices 60 and 30 days out.
You need this bond if you're
Claims, renewal, filing, and what sets the price.
If a claim is made
A claim comes from the party the bond protects, the obligee named on the form, when the duty the bond guarantees is not met.
The surety investigates and pays a valid claim, up to the $300,000 bond amount. You then repay the surety: a surety bond is a guarantee of your performance, not insurance for you.
Renewal and term
The premium covers a one-year term from the effective date you choose; a longer term is the same price per year, chosen at checkout.
Renew before the expiry date to keep the bond in force: the license, permit or contract it backs expects continuous coverage.
How to file it
File with the division. Your executed bond arrives by email, ready to upload to NMLS or file with the Division of Banking alongside your license application. Wet-ink original mailed on request.
What sets the price
The premium is 0.6% of the bond amount, $100 minimum: the amount the obligee sets moves the price, not your business profile.
One soft credit pull, never a hard inquiry, and it never affects your score.
Where a check runs, it decides approval; the rate is the same for everyone approved.
One application, issued instantly.
These are the actual issuing fields — business details, an effective date, and a term. That is the application.
Start the application →Common questions.
Wisconsin mortgage license bonds.
We write 2 mortgage license bonds in Wisconsin. Each license has its own bond, amount and price; pick the one your license calls for.
| License bond | Required by | Bond amount | Price |
|---|---|---|---|
| Mortgage Broker Bond ($120,000) | Wis. Stat. § 224.72(4)(am) | $120,000 | $720 |
| Mortgage Banker Bond ($300,000) (this page) | Wis. Stat. § 224.72(4)(am) | $300,000 | $1,800 |
Other Wisconsin bonds.
The same bond in nearby states.
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Post your $300,000 mortgage banker bond today.
0.6% of the bond amount — $1,800, issued the moment you pay. Free until issued.